Finance

Solar and wind generation outpaced coal in Europe last year

Renewables generated more electricity than coal in the EU for the first time ever in 2019, driving the sharpest reduction in the European power sector’s carbon emissions in three decades, according to a new report.

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SMA reduced operating losses in 2019

The German inverter maker last year saw shipments and revenue rise by 35% and 20%, respectively. The company claims measures taken to reduce its cost structure are bearing fruit.

France sees minimal solar energy price fall after another under-subscribed commercial and industrial tender

The procurement round secured an average solar power price of €96.49/MWh from arrays with a generation capacity of 100-500 kW, a small fall from the €97.48 posted in the previous exercise. Only 150 MW of generation capacity was allocated in the 300 MW tender.

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MIT researchers say PV innovations should be deployed in niche markets first

Solar module manufacturers should begin testing new technologies in higher-value niche markets, say scientists at the U.S. institution. For example, bringing perovskite technology directly to the mainstream market remains prohibitive in terms of initial investment but segments such as building-integrated PV or microelectronics devices may offer better routes to commercial maturity.

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Total to buy 50% stake in Adani Group’s 2.1 GW solar portfolio

The French oil and gas giant—which is already a partner in Adani’s natural gas business—will now invest US$ 510 million to buy 50% stake in 2,148 MW operating solar plants owned by Adani Green Energy Limited.

ABB’s electrification business posts strong returns after inverter divestment

The Swiss-headquartered technology corporation is restructuring, stirring up the figures. That effect was amplified by acquisitions and sell-offs last year with ABB announcing in July it would hand over its inverter business to Italian company Fimer.

India commissioned 7,592 MW of new renewables in first nine months of the fiscal year

Capacity additions for the current fiscal year are set to exceed the previous accounting period’s 8,532 MW. With $5.69 billion invested in clean energy in the last fiscal year, spending in the first nine months of 2019-20 has been estimated at $5.16 billion.

Canadian 400 MWac merchant solar plant secures financing

The project will operate at a profit in part thanks to an emissions scheme introduced by the province of Alberta on January 1. The plant will be able to sell its carbon certificates.

Predicting solar power generation with ‘deep photovoltaic nowcasting’

The ‘deep photovoltaic nowcasting’ project developed by Chile’s Institute of Engineering Sciences of the University of O’Higgins, Canada’s Laval University and Japan’s Kyoto University, seeks to make short-term, high-resolution projections of solar energy generation.

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Bangladesh prepares to tender solar rooftops on public buildings

The government will reportedly be ready to tender contracts to install rooftop PV on its buildings across eight divisions of the nation in as little as three months’ time.

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